Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China’s most powerful AI chip and announced plans to expand data center capacity in the coming years.
- ON Holdings (ONON) is getting a boost as it expects sales growth in the high teens over the next few years as it moves into sports including golf and football.
- Quest Diagnostics (DGX) is sliding after the Centers for Medicare & Medicaid Services (CMS) released new preliminary medicare payment rates for lab services.
- GameStop (GME) is rising after CEO Ryan Cohen reported an insider stock transaction to the US Securities and Exchange Commission.